Professional Standards

What we do

The Professional Standards Department of Chartered Accountants Ireland, along with relevant compliance and disciplinary committees, is responsible for the delivery of the Institute's regulatory and disciplinary obligations which derive both from statute and its own Bye-Laws and Regulations. The Regulatory Policy Board develops Institute policy with regard to regulatory matters and approves Institute Regulations governing regulation & discipline. The Chartered Accountants Regulatory Board (CARB), oversees and supervises how the Institute fulfils its regulatory and disciplinary remit.

Latest news

Professional Standards

The current emergency situations in Ireland and the UK undoubtedly give rise to heightened risks and challenges to Institute firms and their compliance with their anti-money laundering (AML) obligations in both jurisdictions. Our colleagues in ICAEW have prepared useful information and guidance on the implications of the COVID-19 situation and AML issues.  While this material is written in a UK context, the guidance it sets out is also relevant to Ireland.  The ICAEW information can be accessed here.

Mar 26, 2020
Professional Standards

The National Crime Agency (NCA) have uploaded the latest UKFIU SARs In Action magazine.  Click here for access.

Mar 25, 2020
Professional Standards

  PSD recognises that regulatory compliance and associated issues may not currently be a high priority for firms.  Where firms are involved in specific regulatory or disciplinary processes, the Institute will work with you to find appropriate solutions and agree appropriate timelines for specific matters to be addressed.  We shall be adopting a reasonable and pragmatic approach to this.  Firms that are due a Quality Review visit in the near future will have been notified (or are in the process of being so) of the deferral of such ‘face to face’ visits.  PSD may suggest that such visits be conducted on a desktop or remote basis but only where this is appropriate and with the agreement of the firm.  Changes to authorisations/licensing requirements can be notified to authorisations@charteredaccountants.ie. If possible, please avoid sending in a hard copy.  We will do our best to respond to your queries as soon as possible but please be aware that there are likely to be delays due to the current disruption to normal work practices.  For general regulatory queries or information please email us at professionalstandards@charteredaccountants.ie.  

Mar 18, 2020